Whale Continues Withdrawing ETH and WBTC From Binance
According to monitoring by on-chain analyst Ember, a whale address has been steadily withdrawing ETH from Binance since the 1st. The latest transfer took place 4 hours ago, when the address withdrew another 100 WBTC, valued at approximately $6.24 million at the time of the transaction. Judging from the capital flow, the recent pattern has been one of continuous exchange withdrawals and concentrated accumulation, indicating that the address is expanding its exposure to both ETH and BTC-linked assets at the same time.
The reported activity is notable not only because of its size, but also because it unfolded within a short time window. Rather than a one-off movement, the wallet appears to have been building a position across multiple transfers. In crypto market structure, sustained withdrawals from a major centralized exchange such as Binance are closely tracked because they can reflect a shift from exchange-held liquidity into longer-term wallet custody or strategic positioning.
Total Accumulation Reaches Tens of Millions of Dollars
Over the past 3 days, the whale accumulated a total of 19,752 ETH, worth about $31.43 million, in addition to 100 WBTC, worth around $6.24 million. Based on the prices cited in the report, ETH was trading at $1,591 and BTC at $62,390. This means the address completed a multi-asset accumulation worth tens of millions of dollars in only a few days.
From a portfolio perspective, ETH represented the core position by size, while WBTC added a smaller but still substantial BTC-denominated allocation. The split suggests that the whale was not focusing on a single asset alone, but was instead building exposure to both major crypto benchmarks during the same buying window.
Market Rebound Expands Unrealized ETH Gains
During the same period, the market saw a clear rebound. ETH rose by around $200, while BTC climbed roughly $4,000. Against that backdrop, the whale’s unrealized profit on its ETH holdings has reached $3.3 million. The disclosed figure specifically refers to the ETH side of the position, as reported by the source.
Based on the available information, the main takeaway is that large-scale capital continued to move assets off a centralized exchange while prices were recovering. The report does not provide further details on the identity of the wallet or its broader strategy, but the timing and size of the transfers have made the address a notable whale movement case in the current rebound phase.
Source: ChainCatcher. Original report: https://www.chaincatcher.com/newsflash/2274885.